Chapter 8 Building Blocks in Economics the Problem of Choice - Part 1

What is the fundamental economic problem?

Type: MCQ • Marks: 1
What is the fundamental economic problem?
Options
A. Scarcity of resources relative to human wants
B. Lack of political parties
C. Absence of elections
D. Shortage of government offices
Explanation
Explanation: Human wants are many, while resources available to satisfy them are limited.
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